Updated: Mar 3
What do rising interest rates mean for Salt Lake City’s real estate market?
Today Tim Peterson with Cornerstone Mortgage joins me to talk about what’s happening in our real estate market. He’s an expert in his field, so he had a ton of valuable information to share with me. Inventory continues to be incredibly low, and interest rates will continue to increase in 2022. If you’re looking to buy or sell, what does that mean for you?
You can listen to our full conversation in the video above, or skip to each topic using the timestamps provided:
0:00 — Introduction
0:32 — A quick look at our low inventory
1:57 — Tim’s opinion on interest rates
3:33 — Take advantage of our rates while you can
4:12 — Rates are increasing on second homes
5:18 — Mortgage-backed securities are responding well to changes
6:04 — The sky is not falling
6:47 — Realtor.com says Salt Lake City will be the best market in 2022
8:06 — Wrapping up
If you have any questions about today’s topic, or if you’d like to get in contact with Tim, please call or email my team. We’d love to help you out!